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05 July 2018

Redmayne Bentley’s Top Trades

Below we take a look at the most frequently traded shares through Redmayne Bentley over the last couple of weeks and consider why they have been so popular.
 
CML MICROSYSTEMS (CML)
Index: FTSE techMARK All-Share
Sector: Technology Hardware & Equipment
Market Capitalisation: £90.43m
 
CML Microsystems, which manufactures and designs electronic products, was in favour with investors last week. Earlier this month, the group reported a 14% rise in sales to £31.67m for the year to the end of March. This resulted in a pre-tax profit of £4.58m, up 9%, and an increase in the total dividend to 7.8p per share from 7.4p in full-year 2017. The group was boosted in particular by Storage, which saw revenue rise 22%, whilst Communications revenue rose 10%. The group believes it is “well positioned to deliver steady, sustained and profitable growth”.
 
DS SMITH (SMDS)
Index: FTSE 100
Sector: General Industrials
Market Capitalisation: £5,456.73m
 
Shares in Britain’s largest box maker DS Smith have fallen sharply in recent weeks, having touched an all-time high last month. In its final results, the group warned that the lack of clarity surrounding Britain’s departure from the EU was hindering its expansion plans. Nevertheless, for the year to 30th April, the group achieved a 17% rise in both revenues and adjusted pretax profit. The group continues with its acquisition strategy and recently announced a fully underwritten rights issue to fund the purchase of Europac, a leading Western European packaging business.
 
UK OIL & GAS (UKOG)
Index: FTSE AIM All-Share
Sector: Technology Hardware & Equipment
Market Capitalisation: £94.11m
 
UK Oil & Gas was heavily traded last week, having reported a widened pretax loss for the six months to the end of March. The group witnessed a loss of £4.4m, despite an increase in revenue to £116,000 from £104,000, due to a one-off impairment charge. Despite this, some investors were cheered by what the group had to say regarding the Horse Hill site, in which UK Oil & Gas has a partial interest. The group said that tests assessing the site’s commercial viability have begun. If successful, the group said that the first stable oil-production target is 2019.
 
Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews.
 
Please note that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. Past performance and forecasts are not a reliable indicator of future results or performance. Please note that this communication is for information only and does not constitute a recommendation to buy or sell the shares of the companies mentioned.
Redmayne Bentley’s Top Trades
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